Your source for construction industry news in the Carolinas
Associated Builders and Contractors today announced the filing of a complaint in the U.S. District Court for the Eastern District of Texas, Sherman Division, challenging the U.S. Department of Labor’s controversial final rule, Defining and Delimiting the Exemptions for Executive, Administrative, Professional, Outside Sales, and Computer Employees, which will change overtime regulations under the Fair Labor Standards Act. DOL’s new…
Architecture firm billings remained soft in April, with an AIA/Deltek Architecture Billings Index (ABI) score of 48.3 for the month. The score rose from 43.6 in March but still indicates that billings continue to decline at most architecture firms. While the value of newly signed design contracts dipped slightly in April, there remains interest from…
The NAIOP CRE Sentiment Index, a key forecast of commercial real estate market conditions over the next 12 months, has increased significantly from the last survey in fall 2023. The Index rose to 52, from 46 in September, indicating that respondents expect conditions for commercial real estate development to be somewhat better over the next year….
Construction input prices increased 0.5% in April compared to the previous month, according to an Associated Builders and Contractors analysis of U.S. Bureau of Labor Statistics Producer Price Index data released today. Nonresidential construction input prices increased 0.6% for the month. Overall construction input prices are 2.3% higher than a year ago, while nonresidential construction…
Cemex and the Mission Possible Partnership (MPP), in partnership with the Bezos Earth Fund, are collaborating to conduct an analysis of the potential of decarbonization levers at Cemex’s Balcones cement plant in Texas. This analysis aims to accelerate Cemex’s commitment to achieving net-zero CO2 emissions by 2050. There are various technological pathways to decarbonize the cement industry and MPP is assisting…
The 2024 second quarter Civil Infrastructure Construction Index (CICI)* increased to 56.9 from 55.4, marking the seventh consecutive quarter of anticipated and ongoing sector expansion. All four economic measures increased, and contractors continue to expect more growth in the heavy civil segments through the next quarter. Key findings include: Download the 2024 Civil Infrastructure Construction…
New data shows most employees are experimenting with AI and growing their skills — now, the job of every leader is to channel this experimentation into business impact On Wednesday, Microsoft Corp. and LinkedIn released the 2024 Work Trend Index, a joint report on the state of AI at work titled, “AI at work is here. Now…
The Dodge Momentum Index (DMI), issued by Dodge Construction Network, increased 6.1% in April to 173.9 (2000=100) from the revised March reading of 164.0. Over the month, commercial planning improved 12.6% and institutional planning dropped 6.3%. “The Dodge Momentum Index (DMI) saw positive progress in April, alongside a deluge of data center projects that entered…
Nonresidential Building, Specialty Trades, and Heavy & Civil Engineering Construction Contractors Increase Headcount, While Monthly Employment Declines at Residential Specialty Trade Contractors The construction industry added 9,000 jobs in April—the fewest since August 2022—as a downturn among residential remodelers and subcontractors undercut job gains at nonresidential construction firms, according to an analysis of new government data the…
What is the eGrid? A colocation data center vs. an edge data center? Speed bay? As the commercial real estate industry continues to evolve, new concepts, ideas and terms emerge. To recognize those changes, and to make them clearer to those in the profession, the NAIOP Research Foundation has updated its Commercial Real Estate Terms and…
